India Post Payments Bank – Interest Rates 2024, Saving Account Forms, Toll Free Number
IPPB – Details on Saving Bank Account, Interest Rates, Application Forms Download, Safal Account, Toll Free Number 24X7 at Deal4loans.
The India Post Payments Bank has been recently incorporated as a public sector company under the Department of Posts with 100% GOI equity.
IPPB will offer demand deposits such as savings and current accounts up to a balance of Rs 1 Lac, digitally enabled payments and remittance services of all kinds between entities and individuals and also provide access to third-party financial services such as insurance, mutual funds, pension, credit products, forex, and more, in partnership with insurance companies, mutual fund houses, pension providers, banks, international money transfer organisations, etc.
Key Features of IPPB
- FINANCIAL LITERACY
- STREAMLINING PAYMENTS – Beneficiaries can access income from government’s DBT programs like MNREGA wages, Social Security Pensions and scholarships, directly from their IPPB bank account with near zero friction.
- FINANCIAL INCLUSION
- EASE OF ACCESSIBILITY
Banking Services for Everybody:
IPPB offers 3 distinct accounts, tailored to suit the requirements of people everywhere.
- Regular Account – Safal
- Basic Savings Bank Deposit Account (BSBDA) – Sugam
- BSBDA Small – Saral
While the Safal Account is packed with features, the Saral Account is aimed at people with limited banking experience.
IPPB Savings account charges and features
| Features | Regular Account – Safal Account | Basic Savings Bank Deposit Account (BSBDA) – Sugam Account | BSBDA Small – Saral Account |
|---|---|---|---|
| Age | Anybody 10 years and above with KYC | Anybody 10 years and above with KYC | Anybody 10 years and above with simplified KYC |
| Minimum deposit amount | Rs. 100 | Nil | Nil |
| Minimum account balance | Nil | Nil | Nil |
| Maximum account balance | Rs. 1,00,000 | Rs. 1,00,000 | Rs. 50,000 |
| Annual rate of interest | 5.50% | 5.50% | 5.50% |
| ATM/Debit Card | Free | Free | Free |
| Mobile alerts | Free | Free | Free |
| Free monthly transactions | 4 | 4 | 4 |
| Maximum ATM withdrawal per transaction | ₹10,000 | ₹10,000 | INR 10,000 per month in aggregate by way of withdrawals through withdrawal slips at Branch, ATM, POS Outlets and E-Commerce Transactions |
| Nomination facility | Available | Available | Available |
Doorstep Banking:
Doorstep banking allows a customer for a nominal fee to request and avail banking and related services at their door. The services currently offered are as follows:
- Cash deposit
- Cash withdrawal
- Balance enquiry
- Aadhaar to Aadhaar funds transfer
IPPB Application Form Downloads
Forms
Please click on the relevant account opening form to download it. The services currently are only available in Ranchi and Raipur.
Savings Account Opening Form (Aadhaar Based)
Savings Account Opening Form to Add Joint Applicant (Aadhaar Based)
DA-1 Nomination and Declaration in case any of the Applicants is Illiterate
Communication Address for Primary Applicant (Aadhaar based for Resident Savings Single / Joint Account)
Savings Account Opening Form (Non-Aadhaar Based for Single / Joint Account)
Savings Account Opening Form for Minors (Single / Joint Account)
Aadhaar Linking – Delinking
Form 60
Form 61
Download Hindi Forms
Contact Details of IPPB
Contact Centre for all queries, requests and feedback/complaints
Toll Free Number: 155299
(Service available from 6 am to 10 pm on all days of week)
Debit Card Hot Listing/Blocking
Toll Free Number 155299
(Service available from 6 am to 10 pm on all days of week)
